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callable bond

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A bond that is callable by the issuer at a certain price. The price and other conditions are disclosed in the bond’s indenture.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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